Renew Insurance

Fuel prices trend up anew today

fuel pump

Fuel companies have stopped the six consecutive pump price rollbacks by implementing its first across-the-board price increase since last November.

KEY TAKEAWAYS

  • How much is the price increase that will take effect today?

    Oil firms will jack up the price of gasoline by P1.60 per liter, diesel by P1.35 per liter and kerosene by P1.20 per liter.

  • How many local oil price rollbacks were implemented since last November?

    Fuel companies have already conducted six straight pump price reduction since last month.

    • Based on its announcement, Petron Philippines, Caltex, Cleanfuel, Total Philippines, Phoenix Petroleum Philippines, Flying V and Seaoil are set to jack up the price of gasoline by P1.60 per liter and diesel by P1.35 per liter.

    Aside from that, some of the abovementioned companies are to raise the price of kerosene by P1.20 per liter.

    fuel pump

    Other oil players are expected to implement similar movement today.

    It was just last week when companies reduced the prices of its products by more than P2 per liter, cutting down the price of gasoline by P2.40 per liter, diesel by P2.65 and kerosene by P2.70 per liter.

    Photos from Ruben D. Manahan IV

    Also read:

    Local Oil Chief says Global Oil Price Collapse Good for Import-Dependent PH

    Top 24 Fuel Efficient Cars In The Philippines

    5 Tips on How To Get Better Fuel Economy while Driving on Highway

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